A man who had been on the run for nearly five years for a large-scale cryptocurrency fraud was arrested by Seoul police for littering.
The subject defrauded about 1,300 victims with a total of 17.7 billion won (13.2 million USD) during the period of 2018–2019, before fleeing in 2020 and is now handed over to the prosecution.
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The suspect committed a cryptocurrency fraud of 17.7 billion won, defrauding 1,300 people.
This person has been on the run since 2020 and was arrested for violating environmental hygiene laws.
The suspect has now been handed over to the Nam Seoul District Prosecutor's Office for investigation.
How did the cryptocurrency scam occur?
This is a large-scale cryptocurrency scam with a total embezzlement value of up to 17.7 billion won, equivalent to about 13.2 million USD. This man's name is believed to have deceived about 1,300 individuals from 2018 to 2019. The incident has had serious consequences for the victims and serves as a warning lesson about the risks of participating in non-transparent cryptocurrency activities.
This crime also greatly affects public trust in the domestic cryptocurrency market, putting significant pressure on authorities in controlling and handling fraudulent behavior.
Why was the suspect arrested for littering?
Although he is wanted for fraud, this suspect was arrested by Seoul police through a violation of hygiene laws, specifically for improper littering. This unexpected method helped the police detect and capture the fugitive after nearly five years without appearing.
This minor act created an opportunity for authorities to approach and enforce the law against the individual, showing the effectiveness of maintaining synchronized social order and community supervision.
What is the current status of the investigation and the handling of the suspect?
After being arrested, the man was quickly handed over to the Nam Seoul District Prosecutor's Office, which is leading the investigation into the case. Authorities are focusing on gathering evidence to strictly handle fraudulent cryptocurrency behaviors according to the law.
The transfer of the suspect demonstrates close coordination between the police and the prosecution to ensure the progress of the investigation, while strengthening the ability to handle complex cryptocurrency cases.
Frequently Asked Questions
How many people did the suspect defraud in the incident?
This person defrauded about 1,300 individuals with a total amount of 17.7 billion won.
Why was the suspect arrested when not directly related to the cryptocurrency case?
Arrested for violating improper littering laws, facilitating police detection and capture.
Which agency is conducting the investigation of this case?
The Nam Seoul District Prosecutor's Office is leading the investigation of this cryptocurrency fraud case.
When did the suspect flee?
The suspect fled in 2020 after committing the fraud.
What impact does the incident have on the cryptocurrency market?
It causes distrust and increases regulatory pressure on fraudulent behavior in the cryptocurrency market.
Source: https://tintucbitcoin.com/truy-na-han-quoc-lua-dao-tien-dien-tu/
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